Business
Canadian firm woos investors against FX volatility
A Canadian firm, Golden Gate Investments Inc., has called on investors to race against foreign exchange volatility by diversifying their portfolios into Canada’s real estate and private mortgage markets.
The founder and Chief Executive Officer of Golden Gate Investments Inc, Mr Andrew Enofe, spoke at the sidelines of an investor forum in Port Harcourt.
Enofe explained that the company was opening “secure, high-yield doors of opportunity” for Nigerians looking to protect capital and grow wealth in a stable economy.
He said the company was providing structured avenues for Nigerians to participate in Canada’s thriving real estate sector, either through private mortgage funds, real estate funds, or investment-linked immigration pathways.
He said, “We help investors to have more opportunities to diversify their funds. We open doors of opportunities for investors to invest in the Canadian real estate market.
“Investors can either invest in private mortgage funds or real estate funds, or perhaps you want to have an immigration pathway for yourself and family to come to Canada—you invest with Golden Gate.
“We take your funds and improve them for you in terms of investing in Canada and then bring the returns back to Nigeria, because we understand the situation that’s going on currently in Nigeria in terms of exchange rate volatility, currency devaluation, and strong inflation”.
Enofe noted that the current economic climate made diversification an urgent financial decision.
He said, “It’s great to invest in Nigeria, but I am telling you to diversify your funds—invest in a stable economy—so you can have your funds return to Nigeria, while your capital is safe and secure.
“Why Canada? It’s the best place in the world, with a great economy, a beautiful country, and it’s the dream place for most people. The inflation rate in Nigeria is 18 percent, depreciation is almost 20 percent.
“If you’re an international investor, you should be looking for other opportunities outside Nigeria, particularly in a country like Canada that has a safe economic environment.”
Mr. Kelvin Ezenwajiaku, Managing Director of Kencheks Nigeria Limited, described the programme as insightful.
Ezenwajiaku said, “It was a wonderful session. It’s an eye-opener and an opportunity for people, businessmen, and entrepreneurs who have spare cash. From what I have heard, it looks attractive and lucrative.
“I may need to go back and do more investigation, but so far it’s attractive and lucrative.”
An investor, Mark Onyibe, said he travelled to Port Harcourt solely to attend the forum.
He said, “It’s a very nice package and I was able to ask questions and get clarity, because if I am to invest my money, I need to be sure. I’m okay with Golden Gate Investments. If they’re able to keep to what they’re saying, I’ll encourage a lot of people to join them”.
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